Consensus on Skycoin Blog

Obelisk Consensus Algorithm Design Motivations

Thu, 26 Oct 2017 00:00:00 +0000

This is an archived post from the bitcointalks thread on June 19 2014

Quote from: yxxyun on June 19, 2014, 02:52:38 AM

Quote from: skycoin on June 19, 2014, 02:31:59 AM

Quote from: FrictionlessCoin on June 18, 2014, 09:15:07 PM

Quote from: skycoin on June 18, 2014, 09:08:56 PM

Development Update:

We figured out way of preventing Sybil attack using a hybrid Proof of Stake system.

To create a node, you must prove you have coins. Say 10 coins. You send 10 coins to address A. Then you send the 10 coins from address A to address B. Then you add a signature using the public key in address A to sign a message in your Obelisk blockchain.

Getting to Where We Think Bitcoin Should Be

Tue, 03 Oct 2017 00:00:00 +0000

This is an archived post from the bitcointalks thread on April 23 2014

Quote from: JFK01 on April 23, 2014, 01:54:50 PM

I guess that Skycoin just want to test the water first. There is nothing wrong with that. They are engineers and want to do testing for everything. They have been very cautious for the development as well. This is something they are good at. Just do what you are good at. This project is a long shot.

Obelisk: Skycoin Consensus Algorithm | Information Pages

Sat, 09 Sep 2017 00:00:00 +0000

Consensus highlights

Why consensus

Skycoin Consensus Algorithm (“Obelisk”) synchronizes the state of Skycoin blockchain across all the network nodes. This results in consistent accounting, i.e. when calculating coin balance for a given public key (or address) yields same value at each node that performed the calculation.